ReNeuron Group plc Directorate Change (4045L)
03 Enero 2023 - 1:00AM
UK Regulatory
TIDMRENE
RNS Number : 4045L
ReNeuron Group plc
03 January 2023
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED
UNDER THE MARKET ABUSE REGULATION (EU NO. 596/2014) AS IT FORMS
PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION
(WITHDRAWAL) ACT 2018 ("MAR").
ReNeuron Group plc
("ReNeuron" or the "Company")
Directorate Change
Iain Ross appointed as Executive Chairman, CEO steps down
ReNeuron Group plc (AIM: RENE), a UK-based leader in stem
cell-derived exosome technologies, announces that Catherine Isted,
ACMA, Chief Executive Officer ("CEO") has stepped down from her
role with immediate effect.
Iain Ross, who has been on the Board since July 2021, has been
appointed as Executive Chairman and will lead a restructuring of
the business, with further announcements to be made in due
course.
On behalf of the ReNeuron Board of Directors, Barbara Staehelin,
Senior Independent Director, commented: "We would like to thank
Catherine for her contribution over the past 17 months, initially
as CFO and more recently as CEO, and wish her well in the future.
We are excited about the future of the Company and are very
grateful to Iain for agreeing to lead the Company going forward. He
is an experienced industry executive who has led several successful
biotech turnarounds, including more recently that of Redx Pharma
plc and Silence Therapeutics plc."
ENDS
Contacts:
ReNeuron www.reneuron.com/investors
Iain Ross, Executive Chairman Via Walbrook PR
John Hawkins, Chief Financial
Officer
Liberum Capital Limited (NOMAD and
Joint Broker)
Phil Walker (Investment Banking)
Richard Lindley (Investment Banking)
Ben Cryer (Investment Banking) +44 (0)20 3110 2000
Allenby Capital Limited (Joint +44 (0)20 3328 5656
Broker)
James Reeve/George Payne (Corporate
Finance)
Stefano Aquilino (Sales & Corporate
Broking)
Walbrook PR (Media & Investor +44 (0)20 7933 8780 or reneuron@walbrookpr.com
Relations)
Paul McManus / Alice Woodings +44 (0)7980 541 893 / +44 (0)7407
804 654
About ReNeuron
ReNeuron is a UK based Proprietary Stem Cell derived Exosome
Technologies company, harnessing its unique stem cell technologies
to develop 'off the shelf' treatments for diseases with significant
unmet needs.
ReNeuron's stem cell derived proprietary Exosome Technology
platform offers a delivery mechanism for a variety of payloads such
as siRNA, mRNA, proteins, small molecules and genes. The Company
has a growing number of partner collaborations with Global Pharma,
Biotech and academic partners in this fast-expanding area of
scientific and commercial interest. ReNeuron also has the ability,
through its conditionally immortalised induced pluripotent stem
cell (iPSC) platform, to make allogeneic tissue cells of choice and
has the potential to produce exosomes with tissue specific
targeting ability.
The Company has out-licenced its CTX Programme for stroke
disability and hRPC programme in retinitis pigmentosa to Fosun in
China and is looking to out-licence both these programmes in other
territories.
ReNeuron's shares are traded on the London AIM market under the
symbol RENE.L. For further information visit www.reneuron.com
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END
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